COVID-19 complications and economic recovery of China: guidelines for other economies

Abstract

Purpose

Coronavirus (COVID-19) brought massive economic damage throughout the globe. Economic as well as social set-ups have enormously collapsed. The present paper underlines some economic complications of China during COVID-19. The study also sheds light on initiatives taken by the government of China to fight against such a damaging pandemic.

Design/methodology/approach

The study employed secondary research or desk research that involves existing data. The data were collected from reliable sources, described below. The data were summarized and organized to increase the overall efficacy and reliability of the research.

Findings

The study finds that China has confronted many downturns in export and import, GDP decline, blockage of markets and production evaluation. To recover from these unfavorable and adverse circumstances, China has recovered its economy by introducing digital transformation, effective legislations, A V-shaped recovery and A U-shaped recovery in manufacturing and services.

Practical implications

China's steps and initiatives to invigorate economic developments during a pandemic would be beneficial for other economies facing the severe challenges of economic development, especially after COVID-19.

Originality/value

The present study is one of the rare studies of the domain that offers the guidelines to the policymakers and economists of developing countries to develop their policies regarding the digital economy to face the traditional market's challenges.

Citation

Soomro, B.A., Mangi, S.N. and Shah, N. (2023), "COVID-19 complications and economic recovery of China: guidelines for other economies", Journal of Economic and Administrative Sciences, Vol. 39 No. 2, pp. 340-353. https://doi.org/10.1108/JEAS-01-2021-0008